华体会

Key features

• Four built-in coverage extensions offer an efficient way to provide optional, enhanced protection
• Optional third party liability insuring agreement with separate retention

Key definitions

• Definition of 鈥渆mployment wrongful act鈥� now includes conduct on digital platforms
• Definition of 鈥渓oss鈥� clarified to include claimant attorney fees 

Insuring agreements

• Employment practices liability
• Third party liability 

Coverage extensions

• Employee privacy violation liability
• Immigration investigation liability
• Wage and hour liability
• Workplace violence expense
   

Key features

• False pretenses fraud, also known as social engineering, is built into the base policy for transparent coverage
• Prior acts coverage threshold of $25,000 or more 
• No deductible for computer restoration and investigative expenses
• Coverage for loss of money, securities and other property the Insured holds on its premises in any capacity regardless of whether the Insured is actually liable for the loss
• Revenues is used for the acquisition threshold

Definitions

• Definition of 鈥渃lient鈥� now includes 鈥渃ustomers鈥� of the Insured, opposed to just a legal entity
• Definition of 鈥渆mployee鈥� now includes: 
  • Independent contractors when performing work on behalf of the insured
  • Partners under specific circumstances
• Definition of 鈥渋dentity fraud expense鈥� now includes the costs of daycare and eldercare 

Insuring agreements

• Fidelity consisting of employee theft, ERISA fidelity, and clients鈥� property
• Forgery or alteration
• Premises coverage
• Transit coverage
• Computer fraud
• Funds transfer fraud
• False pretenses fraud
• Credit, debit or charge card fraud
• Money orders and counterfeit money
• Personal accounts protection consisting of personal accounts forgery or alteration and identity fraud expense reimbursement 

Coverage expenses 

• Investigative expenses
• Data restoration expenses

Key features

• Two built-in coverage extensions offer an efficient way to provide optional, enhanced protection
• No hammer clause
• Both insuring agreements provide coverage from a single limit of liability 
• Preliminary plan investigation or adverse benefit denial appeal coverage is provided via its own insuring agreement with the ability to apply a separate retention from Fiduciary liability 
• Ability to sublimit and apply a retention to compliance resolution coverage 
• Fiduciary penalty coverage clearly identifies what fines and penalties are covered
• Coverage for a wrongful act committed by an insured solely in the capacity of a 鈥渟ettlor鈥� of any past, present or future insured benefit plan

Key definitions

• Definition of 鈥渄efense expenses鈥� now includes e-discovery services
• Broad definition of 鈥渆mployee鈥� now includes interns
   

Insuring agreements

• Fiduciary liability 
• Plan preliminary investigation or adverse benefit denial appeal 

Coverage extensions 

• Compliance resolution coverage
• Fiduciary penalty coverage consisting of civil fines and penalties coverage for: Section 502(c), Section 507, HIPAA, PPACA, and IRS Section 4975 
   

Key features

• Payment of loss for property surrendered as ransom payment for a kidnapped person
• Kidnap 鈥渆xpenses鈥� as a result of kidnapping or threat
  Loss of property while in transit to pay a ransom or extortion threat
• Broad coverage for individuals and family members
• Broad expense coverage including, but not limited to travel cost, medical or hospital fees and salary reimbursement 
• Payments for accidental loss of life or mutilation
• Expenses for disappearance investigation

Insuring agreements

• Ransom coverage
• Ransom in transit coverage
• Expense coverage
• Accidental loss coverage
• Legal liability coverage
• Political repatriation coverage 

Coverage expenses 

• Business income and extra expense